Resources

The project has resources declared in line with JORC 2012 code

Mineral Resource Estimate

Notes:

  1. Reported at 0% Fe cut off grade as a total mineralization base.
  2. Magnetite and Hematite tonnages are given as a resource estimation. Satmagan values are however declared within their respective resource classifications.
  3. Total resource base elements and magnetite content is a weighted average of the combined mineralization zones.

Exploration Upside

A range of analysis done by Minrom Consulting concluded that 759Mt tons of iron ore
mineralization at 31% Fe has been identified on Lodestone's EPL's in addition to the declared
resource base.